Powered by MOMENTUM MEDIA
the adviser logo
Lender

Vocus founder to join NAB board

by Sam Nichols4 minute read

The major bank has confirmed that the founder of Australia’s fourth-largest telecommunications company will soon join as a non-executive director.

The chair of National Australia Bank Limited (NAB), Philip Chronican, has announced that the founder and former chief executive of Vocus Communications, James Spenceley, has been appointed as NAB’s next non-executive director. 

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Mr Spenceley is expected to commence this position from 1 December, subject to regulatory approval. 

Speaking of the incoming addition to NAB’s board of directors, Mr Chronican said that Mr Spenceley will bring a “significant diversity of experience” to the major bank’s board, as well as being able to “quickly make a strong contribution as [it] consider[s] NAB’s strategic direction and the intense and rapidly changing competitive environment in which we operate”.

Advertisement
Advertisement

“James has been active in business development, technology, mergers and acquisitions, philanthropy and venture capital investments. His involvement with organisations such as Vocus, Airtasker and Kogan reinforces his interest in market transformation,” Mr Chronican added. 

In 2007, Mr Spenceley founded the telecommunications company Vocus Communications which, in February 2016, became the fourth largest in Australia following the final approval of its merger with M2 Group. 

Earlier this year, Vocus Communications was completely acquired by Macquarie Infrastructure and Real Assets (MIRA) and its managed funds, MIRA and Aware Super, for $3.5 billion.

Mr Spenceley is also currently the chair of Airtasker Limited and Swoop Holdings Limited, as well as a non-executive director of Kogan.com and Think Childcare Limited. 

All four of these companies are ASX listed. 

In 2010, Mr Spenceley was named the Ernst & Young Entrepreneur of the Year winner (Young). Five years later, he received the EY Entrepreneur of the Year (Listed) Award. 

Mr Spenceley said: “I’ve spent all my life building and growing challenger businesses. It is a genuinely exciting opportunity to bring that experience and perspective to an established organisation with all the strength, history and scale of NAB. 

“This is an ideal time to be joining the NAB Board as the organisation has significant opportunities ahead during a period where the financial services industry is in the middle of dramatic global change.” 

[Related: Former ASIC chairman joins aggregator board]

Vocus founder to join NAB board
nab building logo
TheAdviser logo
nab building logo

Sam Nichols

Sam Nichols

AUTHOR

Sam Nichols is a journalist at The Adviser and Mortgage Business. His reporting has featured in a range of outlets including ABC News, SBS' The Feed, and VICE.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

anthony albanese profile ta vtpifc

Further grants confirmed for flood survivors, $47m pledged

According to a statement released by the federal government, the Back Home grant will be made available to impacted...

READ MORE
Christa Malkin ta

AFG unveils next strategic partners national manager

Christa Malkin joined Australian Finance Group (AFG) in November 2021, serving as the ASX-listed aggregator’s...

READ MORE
Hot property TA

Hot Property: The biggest property headlines from the week 1–5...

Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more